List Price: $3,199,000 | $284 per sq.ft. Multi Family
Price Change! Reduced by $150,000 down 5% on October 3rd 2024
A 16 Unit Multi Family Home
With 11 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Sep 3, 2024 | MLS# 5012399
Price Change! Reduced by $150,000 down 5% on October 3rd 2024
A 16 Unit Multi Family Home
With 11 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Sep 3, 2024 | MLS# 5012399
To see this Listing
Address: 119 Hanover Street Manchester NH
Listed by Matthew Lefebvre Downtown Realty
Description:
119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchester's downtown. Sited within a block of major attractions such as the Hanover Street Chophouse, The Palace Theater, and several new multifamily developments, this location is second to none. This two-story brick building boasts 11 apartments (a mix of studio and 1-bedrooms), 5 retail units, and a leased billboard, all of which have seen significant renovations over the last two years. These upgrades include new electrical panels, updated unit plumbing, new high efficiency mini-splits, a new rubber roof, and a freshly painted façade. Additionally, each of the apartments have been painstakingly remodeled with high-end finishes including granite countertops, stainless-steel appliances, premium-LVP flooring, and in-unit air conditioning. The residents can also access the free high-speed wireless internet newly installed throughout the building, utilize the brand-new laundry room, and benefit from the high-resolution cameras providing interior and exterior coverage of the property. All of the commercial units are fully occupied on multi-year leases with a mix of retail and restaurant tenants. The billboard presents additional opportunity for value-add with an at-will operator that has been renting for almost three decades at a below market rate. Don't let this opportunity to own a turnkey building in Manchester's downtown pass you by!
Annual Expenses
Taxes: $17,850
Taxes: $17,850
Income
Construction: Steel Frame | Brick Exterior
Year Built: 1910
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 16803
Above Grade Sq.Ft.: 11248
Basement: Unfinished
Foundation: Fieldstone
Year Built: 1910
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 16803
Above Grade Sq.Ft.: 11248
Basement: Unfinished
Foundation: Fieldstone
Roof: Rolled
Seasonal: No
Seasonal: No
Heating: Natural Gas | Electric | Steam
Cooling: Mini Split
Electric: 200 Amp
Utilities: Gas - On-Site | Other
Electric Meters:
Water: Public
Sewer: Public
Cooling: Mini Split
Electric: 200 Amp
Utilities: Gas - On-Site | Other
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Corner
Lot size: 0.14 acres
Zoned: CBD)
Surveyed: Unk
Flood Zone: No
Roads: Public
Driveway: None
City Lot | Corner
Lot size: 0.14 acres
Zoned: CBD)
Surveyed: Unk
Flood Zone: No
Roads: Public
Driveway: None
Additional Information
Easement - Unknown
Block - 00
Taxes $17,850
Assesed Value Not Reported
Easement - Unknown
Block - 00
Taxes $17,850
Assesed Value Not Reported
Schools
